Barclays Issues Positive Forecast for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its price objective boosted by investment analysts at Barclays from $78.00 to $91.00 in a research report issued on Friday,MarketScreener reports. The brokerage presently has an “overweight” rating on the specialty chemicals company’s stock. Barclays‘s price objective indicates a potential upside of 12.30% from the stock’s current price.

IFF has been the topic of several other research reports. BNP Paribas Exane dropped their price objective on International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating on the stock in a research note on Friday. Citigroup boosted their price objective on shares of International Flavors & Fragrances from $83.00 to $95.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company raised their price target on International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday. Wall Street Zen upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Sunday, January 4th. Finally, UBS Group lifted their price target on shares of International Flavors & Fragrances from $68.00 to $71.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Thirteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.97.

International Flavors & Fragrances Trading Down 0.6%

NYSE IFF opened at $81.03 on Friday. The stock has a 50-day simple moving average of $69.36 and a 200 day simple moving average of $66.64. The company has a market capitalization of $20.75 billion, a PE ratio of -59.34, a P/E/G ratio of 2.91 and a beta of 1.05. International Flavors & Fragrances has a 12 month low of $59.14 and a 12 month high of $86.96. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.05). The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.70%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. Research analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current year.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IFF. Allspring Global Investments Holdings LLC boosted its stake in International Flavors & Fragrances by 32.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 111,431 shares of the specialty chemicals company’s stock worth $8,367,000 after purchasing an additional 27,166 shares during the period. Ruffer LLP bought a new stake in International Flavors & Fragrances in the third quarter valued at approximately $13,552,000. Clarkston Capital Partners LLC purchased a new position in International Flavors & Fragrances during the 2nd quarter valued at about $11,939,000. Creative Planning raised its holdings in International Flavors & Fragrances by 347.5% in the 2nd quarter. Creative Planning now owns 85,345 shares of the specialty chemicals company’s stock worth $6,277,000 after purchasing an additional 66,273 shares in the last quarter. Finally, State Street Corp lifted its holdings in International Flavors & Fragrances by 3.6% in the second quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company’s stock worth $804,753,000 after buying an additional 381,593 shares during the period. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.